震荡市场下，博时固收+的笃行之路与长期回响

Core Viewpoint - The article emphasizes the growing importance of "fixed income +" funds in the current volatile A-share market, highlighting their ability to provide a stable foundation through bond investments while seeking additional returns through equity or diversified strategies [4][5]. Group 1: Market Context - The A-share market has experienced significant fluctuations from 2021 to 2024, with the Shanghai Composite Index dropping from 3600 points to 2600 points, leading to a decrease in investors' risk appetite [5]. - The demand for stability in asset allocation has become a central theme, as traditional low-risk products fail to meet inflation rates, creating a gap that "fixed income +" funds can fill [5]. Group 2: Performance of Fixed Income + Funds - The BoShi HengLe Bond Fund, established on April 8, 2022, has shown a cumulative return of 20.62% by September 30, 2025, outperforming its benchmark of 17.27%, demonstrating the adaptability of the "fixed income +" strategy [6]. - The fund's assets increased from 1.6 million shares to 89.6 million shares, and the number of holders grew from 306 to 104,966, indicating strong investor confidence in its stable performance [7]. Group 3: Investment Strategy - The "fixed income +" strategy is based on a dual approach of "fixed income foundation + flexible enhancement," focusing on long-term returns rather than short-term market trends [9][10]. - The strategy emphasizes a high allocation to bonds for interest income while selectively capturing market opportunities through equity investments and other strategies [9]. Group 4: Platform Strength - BoShi Fund manages approximately 1.7 trillion yuan in assets across 400 public funds, showcasing its market recognition and resource advantages [12]. - The research team covers various fields, including macro analysis and credit ratings, supported by a robust system that aids in investment decision-making [12]. Group 5: Product Matrix - BoShi has developed a comprehensive product matrix that caters to different risk appetites, ranging from low-risk bond-focused products to higher-risk equity-inclusive offerings [13]. - The performance of BoShi's funds has consistently ranked in the top 10% of their categories, reflecting the effectiveness of the "fixed income +" strategy [14]. Group 6: Long-term Value - As the market approaches year-end, the adaptability and long-term value of "fixed income +" funds become increasingly evident, particularly in managing volatility and ensuring stable returns [16]. - Investors are encouraged to focus on risk-return matching rather than short-term market trends to enhance long-term value [17].